Worldwide Surface Mount Technology (SMT) Equipment Industry to 2027 - Featuring CyberOptics, Fuji and Juki Among Others

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Dublin, June 06, 2022 (GLOBE NEWSWIRE) -- The "Surface Mount Technology (SMT) Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Surface Mount Technology (SMT) Equipment estimated at US$3.0 billion in the year 2020, is projected to reach a size of US$4.5 billion by 2027, displaying at a CAGR of 6.2% over the analysis period 2020-2027.

High-Speed Placement Equipment, one of the segments analyzed in the report, is projected to record a 7% CAGR to reach a market size of approximately US$2.0 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium-Speed Placement Equipment segment is projected to spiral at 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at US$302.3 Million, While Asia-Pacific is Forecast to Grow at 6.5% CAGR

Surface Mount Technology (SMT) Equipment market in the U.S. is estimated at US$30.2.3 million in the year 2020. Asia-Pacific is forecast to reach a projected market size of US$1 billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan, China and Europe, each forecast to grow at a CAGR of 4.9%, 7.2% and 3.9% respectively over the 2020-2027 period.

Low-Speed Placement Equipment Segment to Record 4.8% CAGR

In the global Low-Speed Placement Equipment Segment, USA, Japan, China, and Asia-Pacific will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$326.5 million in the year 2020 will reach a projected size of US$457.1 million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets and is forecast to reach US$307.9 million by the year 2027.

Select Competitors (Total 83 Featured) -

• ASM Assembly Systems GmbH & Co. KG

• CyberOptics Corporation

• Electro Scientific Industries, Inc.

• Fuji Corporation

• Glenbrook Technologies, Inc.

• Heller Industries, Inc.

• Illinois Tool Works, Inc.

• Juki Corporation

• Koh Young Technology, Inc.

• Kulicke & Soffa Pte Ltd.

• Mycronic AB

• Naprotek, Inc.

• Nikon Metrology NV

• Nordson DAGE

• Omron Corporation

• Orbotech, Ltd.

• Panasonic Corporation

• Saki Corporation

• Teradyne, Inc.

• Universal Instruments Corporation

• Viscom AG

• Yamaha Motor Co. Ltd.

• YXLON International GmbH

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020

• Virus Led Economic Recession Impacts Prospects for Electronics Demand

• World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021

• Surface Mount Technology (SMT): The Tech Primer

• SMT: A Curtain Raiser

• Surface Mounting: A Concise Overview of the Process

• SMT Equipment: Product Overview

• Introduction

• Classification of SMT Equipment

• SMT Screen Print Equipment

• SMT Placement Equipment

• SMT Soldering Equipment

• SMT Cleaning Equipment

• SMT Inspection Equipment

• SMT Repair and Rework Equipment

• SMT Equipment Markets: A Historic Backdrop

• Surface Mount Technology (SMT): A Prelude

• Surface Mount Technology (SMT) Equipment: Prospects and Outlook

• Global Electronics Systems Market by End-Use Industry (2019E): Percentage Breakdown of Sales for Aerospace/Defense Electronics, Automotive Electronics, Communication Devices, Computers & Peripheral, Consumer Electronic Devices and Medical/Industrial Electronics

• World Market for PCBs (2019E): Percentage Share Breakdown of Key End-Use Application Markets

• Bright Prospects Ahead for SMT Equipment Market

• Asia-Pacific Evolves into the Core Market for SMT Equipment

• World SMT Equipment Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions

• World SMT Equipment Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan

• ECM Sector to Boost Demand for SMT Equipment in Asia-Pacific

• China: Driving Force Behind Asia-Pacific's Stellar Performance

• Competitive Landscape

• Global Leading Vendors of SMT Equipment

• Leading Players in World SMT Equipment Market (2019E): Percentage Breakdown of Revenues for ASM Assembly Systems, Fuji, Kulicke & Soffa, Panasonic, Yamaha Motor and Others

• Vendors Resort to Novel Strategies to Gain Competitive Edge

• Value Added Services Become Key Differentiator

• Towards Consolidated Endeavors

• Recent Market Activity

• Surface Mount Technology (SMT) Equipment - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Uptrend in Electronics Manufacturing Boosts Market Prospects: Review of Primary End-Use Sectors for SMT Technology

• SMT: Key Applications in Select End-Use Sectors

• Consumer Electronics

• Global Consumer Electronics Market by Region (2020): Percentage Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl. Japan), Middle East, and Latin America

• Global Home Audio Equipment Market (2020): Percentage Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl. Japan), Middle East & Africa and Latin America

• Telecommunication & Mobile Communication Devices

• Global Market for Smartphones in Billions: 2016-2021

• Smartphone Penetration Rate as Share of Total Population: 2016-2021

• Transportation and Automotive Electronics

• World Automobile Production in Million Units: 2008-2022

• Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030

• Medical and Healthcare Devices

• Aerospace & Defense Equipment

• Commercial Airline Revenue Growth (in %) for 2010-2020

• Global Airlines Performance by Region: 2020 Vs 2019

• LED Components

• Emphasis on Automation Creates Conducive Environment for SMT Equipment

• Global Industrial Automation Market by Sector (2019): Percentage Breakdown of Investments for Automotive, Chemical, Food Processing, Oil & Gas, Packaging, Pharmaceuticals, Plastic Manufacturing, Power, Textiles and Others

• Evolving Role of 'Smart Factory' to Fuel Sales of Fully Automated SMT Platforms

• Industry 4.0 Promulgates the Smart Factory Concept

• A Brief Glimpse of First, Second, Third, & Fourth Industrial Revolutions

• Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020

• SMT Placement Equipment Make Gains

• Robust Opportunities for SMT Screen Print Equipment

• Market Drivers and Restraints for Various Screen-Printers

• SMT Inspection Equipment Gain Traction

• Technological Advancements

• Package Complexity Drives Business Case

• Shift from Manual to Sensor-based Inspection Systems

• 3D Inspection Systems Emerge in the Market

• AOI Systems Explore New Opportunities

• Productivity Optimization Drive Opens Ground for Next Generation AOIs

• Second Generation AOI Control Solutions: Design is the Key for Success

• Advances in X-Ray Inspection Systems Drive Efficiency

• SMT Soldering Equipment Sees Strong Growth Prospects

• Trend-Setting Technologies

• R&D to Foster Growth

• Lead-Free Solder: Emboldens Growth Opportunities

• Slow But Steady Growth Opportunities for SMT Cleaning Equipment

• Surging Demand for SMT Repair & Rework Equipment

• Digital Transformation Drive Augurs Well for Future Growth of the Market

• Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023

• Growing Adoption of IoT Augurs Well

• Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025

• Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022

• Rise of Flexible Electronics to Extend Parallel Opportunities

• Need for Speed & Flexibility in Electronics Manufacturing Spurs Growth

• Next Generation Electronics Open up Novel Opportunities

• Shrinking PCB Size Paints Brighter Prospects

• High Performance Systems Emerge to Resolve SMT Challenges

• Demand for 'High-Mix' Equipment on Rise

• Energy Efficient Equipment Come to the Fore

• Machine Vision: A Stitch in Time

• From OEMs to CEMs and EMS Providers: Changing Customer Profile

• Electronic Contract Manufacturers: Key Consumer Segment of SMT Equipment

• Global Electronic Contract Manufacturing Services Market by Region/ Country (2012, 2019 & 2024): Breakdown of Annual Revenue Figures (in US$ Billion) for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World

• ECMS Industry: Bitten by Pricing Pressures

• Innovations and Advancements

• Technological Innovations

• Importance of Absolute Encoder in SMT Placement

• Smart Feeder Technology

• Focus on Responsive and Flexible Manufacturing Lines

• Ensuring Lower Cost and Smaller Footprint

• Select Recent Innovations

• Challenges and Market Restraints

• SMT: Not Completely Free of Defects

• Defects in SMT: Percentage Share Breakdown of Error Categories

• Purchase Cycles Reward But Also Retard Growth

• Commoditization Kills Price Differentials

• High Entry Barriers Hinder New Market Entrants

• Skewed Customer Profile Strains the Margins

• Used Equipment: The Threat is Real

• High False Calls & Escape Rates Dent Investor Confidence

• Alternative Technologies Curtail Demand for SMT Inspection Equipment

• Price Sensitivity: A Major Challenge

• Pricing Undercuts Market Leadership

• Challenges Faced by Advanced Manufacturing Industry

• Technology Challenges

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8g1ua6

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